2023-11-13T10:42:35-06:00 2022-12-31 161131146 BONADIO & CO LLP 7936 SENECA TURNPIKE CLINTON NY 13323 990 2022-01-01 311727817 PRESWICK GLEN INC PRES 3157977500 172 CLINTON ROAD NEW HARTFORD NY 13413 ANNE CONNOR CFO 3157977500 2023-10-30 1 ANNE CONNOR 999009999 0 MICHELLE MUNDY P01982856 3157977781 2023-10-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEREMY RUTTER 172 CLINTON ROAD NEW HARTFORD NY 13413 5010568 0 X WWW.PRESWICKGLEN.COM X 2000 NY THE ORGANIZATION'S MISSION IS TO OFFER A RETIREMENT COMMUNITY WITH COMMITTMENT TO PROVIDE SECURITY, PEACE OF MIND AND INDEPENDENCE FOR SENIOR ADULTS BY PROMOTING OPPORTUNITIES FOR PERSONAL GROWTH IN AN ATTRACTIVE AND COMFORTABLE ATMOSPHERE. 11 11 80 11 0 0 181693 0 4915183 4954387 -11191 -2872 71765 55738 5157450 5007253 0 0 0 0 1219571 1361502 0 0 0 3450468 3504774 4670039 4866276 487411 140977 14420546 16500780 19945035 21848082 -5524489 -5347302 THE ORGANIZATION'S MISSION IS TO OFFER A RETIREMENT COMMUNITY WITH COMMITTMENT TO PROVIDE SECURITY, PEACE OF MIND, AND INDEPENDENCE FOR SENIOR ADULTS BY PROMOTING OPPORTUNITIES FOR PERSONAL GROWTH IN AN ATTRACTIVE AND COMFORTABLE ATMOSPHERE. 0 0 4025418 5010125 INDEPENDENT LIVING WHICH PROVIDES HOUSING, ACCESS TO HEALTH CARE, AND A NO-EVICTION POLICY TO RESIDENTS 60 YEARS OF AGE OR OLDER. FACILITY CONSISTS OF 84 INDEPENDENT LIVING APARTMENTS AND 40 INDEPENDENT LIVING COTTAGES THAT ARE LEASED AND RENEWED ON A YEARLY BASIS. 119 UNITS IN TOTAL WERE LEASED AND FULLY OCCUPIED AT THE END OF THE YEAR. 4025418 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 19 0 1 80 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X PRESWICK GLEN INC 3158535515 172 CLINTON ROAD NEW HARTFORD NY 13413 LINDA VOCE VICE-CHAIRPERSON 0.20 1.00 X X 0 0 0 JAY WILLIAMS CHAIRPERSON 0.20 1.00 X X 0 0 0 JERRY BURKE TREASURER 0.20 1.00 X X 0 0 0 JULIANNE BREEN SECRETARY 0.20 1.00 X X 0 0 0 MARIE ABRAHAM DIRECTOR 0.20 1.00 X 0 0 0 RUSSELL CLARK DIRECTOR 0.20 1.00 X 0 0 0 REV JEFF KANE DIRECTOR 0.20 1.00 X 0 0 0 DEBORAH MILLS DIRECTOR 0.20 1.00 X 0 0 0 PATRICIA PITCHER DIRECTOR 0.20 1.00 X 0 0 0 ROGER WILLIAMS DIRECTOR 0.20 1.00 X 0 0 0 ROBERT OHMANN DIRECTOR 0.20 1.00 X 0 0 0 ANNE CONNOR CFO 1.00 36.50 X 0 119750 11864 JEREMY RUTTER CEO 5.00 32.50 X 0 241126 10075 CYNTHIA POHL CFO (THRU 5/23/22) 1.00 1.00 X 0 35925 1432 CORINA CHRYSTIE VP OF HR 1.00 39.00 X 0 115647 11825 ROBERT MOREHOUSE CIO 1.00 39.00 X 0 139237 2802 LENORA D'APICE CHIEF STRATGEY OFFICER 1.00 39.00 X 0 127678 2627 MICHAEL SWEENEY FORMER CEO 5.00 32.50 X 0 125100 679 0 904463 41304 0 1 1 0 SODEXO INC & AFFILIATES PO BOX 260170 PITTSBURGH PA 15251 FOOD MANAGEMENT 554084 1 RENTAL INCOME 532000 4677122 4677122 RESIDENT FEES 532000 277265 277265 4954387 443 443 3315 -3315 -3315 -3315 MEALS 532000 38515 38515 MISCELLANEOUS REVENUE 900099 17223 17223 55738 5007253 5010125 0 -2872 X 1125051 1000907 124144 7509 6680 829 146075 129956 16119 82867 73723 9144 235829 164636 71193 4308 4308 12815 12815 708919 348331 360588 251968 97236 154732 97181 89616 7565 942823 939806 3017 331457 330396 1061 551530 549765 1765 100803 100480 323 OTHER DIRECT EXPENSES 114540 44202 70338 RESIDENT MOVE-IN INCENT 91611 91611 EVENTS AND ACTIVITIES 56240 56240 DUES AND SUBSCRIPTIONS 4750 1833 2917 4866276 4025418 840858 0 2397565 2072568 8616 18898 5778 5778 224484 225030 13845113 6476396 7644967 7368717 4139136 6809789 14420546 16500780 403938 361889 8844789 8528548 10696308 12957645 19945035 21848082 X -5530208 -5353736 5719 6434 -5524489 -5347302 14420546 16500780 X 140977 36210 X X 0 1 X 1 0 X 7094 100 30 181693 0 188917 4713930 4783420 4761528 4986948 5010125 24255951 4721024 4783520 4761558 5168641 5010125 24444868 0 0 0 24444868 613 895 505 482 443 2938 613 895 505 482 443 2938 4721637 4784415 4762063 5169123 5010568 24447806 0.99990 0.99980 0.00010 0.00020 X 8997415 3073757 5923658 1913956 1301357 612599 2686843 1884111 802732 246899 217171 29728 7368717 ASSETS HELD BY TRUSTEE 217858 RESIDENT DEPOSITS 4810866 INTEREST IN THE NET ASSETS OF PRESBYTERIAN HOMES FOUNDATION, INC. 6334 RIGHT OF USE ASSET 1774731 6809789 DUE TO AFFILIATES 349712 REFUNDABLE ENTRANCE FEES 10805115 ACCRUED MORTGAGE INTEREST PAYABLE 1050 SECURITY DEPOSITS 27037 OPERATING LEASE LIABILITY 1774731 12957645 5043463 36210 36210 5007253 0 5007253 4866276 0 4866276 0 4866276 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INTEREST IN NET ASSETS OF AFFILIATE 715. CHANGE IN VALUE OF INTEREST RATE SWAP 35,495. 0 0 0 0 0 0 0 0 0 JEREMY RUTTER CEO 0 241126 0 0 0 0 0 769 0 9306 0 251201 0 0 MICHAEL SWEENEY FORMER CEO 0 125100 0 0 0 0 0 104 0 575 0 125779 0 0 PART I, LINE 3 THE RELATED ORGANIZATION PERFORMS AN ANNUAL REVIEW AND USES INDUSTRY AND COMPETITIVE SURVEYS TO ESTABLISH COMPENSATION FOR THE CEO. FORM 990, PART VI, SECTION A, LINE 7A THE PARENT BOARD ELECTS MEMBERS TO THE PRESWICK BOARD ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD MEMBERS REVIEW THE 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS COMPLETE CONFLICT OF INTEREST STATEMENTS ANNUALLY. IF A CONFLICT IS NOTED, THE NON-INTERESTED MEMBERS VOTE ON HOW TO PROCESS WITH THE SITUATION AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION ANNUALLY DURING THE ANNUAL REVIEW OF THE CEO. THE BOARD USES INDUSTRY AND COMPETITIVE SURVEYS TO ESTABLISH COMPENSATION FOR THE CEO. THE CEO USES INDUSTRY AND COMPETITIVE SURVEY TO ESTABLISH THE COMPENSATION FOR ALL OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADDRESS. THE 990 IS ALSO AVAILABLE ON THE INTERNET AT GUIDESTAR AND NYS WEBSITE. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 348,331. MANAGEMENT AND GENERAL EXPENSES 360,588. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 708,919. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST IN NET ASSETS OF AFFILIATE 715. CHANGE IN VALUE OF INTEREST RATE SWAP 35,495. FORM 990, PART XII, LINE 2C PRESWICK GLEN'S FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE REVIEW OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. PRESBYTERIAN HOMES & SERVICES INC 4290 MIDDLE SETTLEMENT RD NEW HARTFORD NY 13413 311572747 PARENT ORG-SPONSORS RELATED HEALTH CARE FACILITIES NY 501(C)(3) LINE 12A, I COMMUNITY WELLNESS PARTNERS INC 0 PRESBYTERIAN HOME FOR CENTRAL NEW YORK PO BOX 1144 4290 MIDDLE SETTLEMENT NEW HARTFORD NY 13413 160874414 NURSING HOME AND HEALTH SERVICES FOR THE ELDERLY NY 501(C)(3) LINE 10 PRESBYTERIAN HOMES & SERVICES INC 0 PRESBYTERIAN HOMES FOUNDATION INC PO BOX 854 MIDDLE SETTLEMENT RD NEW HARTFORD NY 13413 133348349 RAISE FUNDS FOR PROGRAMS FOR THE ELDERLY NY 501(C)(3) LINE 7 PRESBYTERIAN HOMES & SERVICES INC 0 PRESBYTERIAN RESIDENTIAL COMMUNITY PO BOX 1144 MIDDLE SETTLEMENT RD NEW HARTFORD NY 13413 223219259 PROVIDE HEALTH SERVICES TO THE ELDERLY NY 501(C)(3) LINE 10 PRESBYTERIAN HOMES & SERVICES INC 0 PRESWICK II INC PO BOX 1144 NEW HARTFORD NY 13413 311736275 PROVIDE ACCOMODATIONS TO THE ELDERLY NY 501(C)(3) LINE 10 PRESBYTERIAN HOMES & SERVICES INC 0 THE MEADOWS AT MIDDLE SETTLEMENT PO BOX 1144 4310 MIDDLE SETTLEMENT NEW HARTFORD NY 13413 161009798 PROVIDE LOW INCOME HOUSING FOR THE ELDERLY NY 501(C)(3) LINE 10 PRESBYTERIAN HOMES & SERVICES INC 0 PH&S PROPERTY MANAGEMENT INC 4290 MIDDLE SETTLEMENT RD NEW HARTFORD NY 13413 161558576 HOLD TITLE TO PROPERTY FOR AFFILIATES NY 501(C)(2) PRESBYTERIAN HOMES & SERVICES INC 0 COMMUNITY WELLNESS PARTNERS INC 108 UTICA ROAD CLINTON NY 13323 161536239 PARENT ORG-SPONSORS RELATED HEALTH CARE FACILITIES NY 501(C)(3) LINE 12A, I N/A 0 LUTHERAN CARE CHARITABLE NETWORK INC 108 UTICA ROAD CLINTON NY 13323 264665274 PARENT ORG-SPONSORS RELATED HEALTH CARE FACILITIES NY 501(C)(3) LINE 12B, II COMMUNITY WELLNESS PARTNERS INC 0 KATHERINE LUTHER RESIDENTIAL HEALTH CARE & REHABILITATION CENTER INC 110 UTICA ROAD CLINTON NY 13323 208029261 NURSING HOME AND HEALTH SERVICES FOR THE ELDERLY NY 501(C)(3) LINE 10 LUTHERAN CARE CHARITABLE NETWORK INC 0 THE LUTHERAN HOME OF CENTRAL NEW YORK INC 108 UTICA ROAD CLINTON NY 13323 150543616 ADULT HOME NY 501(C)(3) LINE 10 LUTHERAN CARE CHARITABLE NETWORK INC 0 LUTHERAN HOMES MANAGEMENT SERVICES INC 108 UTICA ROAD CLINTON NY 13323 161381077 PROVIDE MANAGEMENT SERVICES TO AFFILIATES NY 501(C)(3) LINE 12B, II LUTHERAN CARE CHARITABLE NETWORK INC 0 LUTHERAN HOMES FOUNDATION 108 UTICA ROAD CLINTON NY 13323 161181550 RAISE FUNDS FOR PROGRAMS FOR THE ELDERLY NY 501(C)(3) LINE 7 LUTHERAN CARE CHARITABLE NETWORK INC 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 1 0 0 0 0